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Top Benefits of PWAs for Fintech Industry

Progressive Web Apps put together the advantages of web content and mobile applications to bring apps that can run off browsers while maintaining a single codebase to deliver a high-quality user experience and functionality. Ever since they first emerged on the scene, progressive web apps have proven to be somewhat of a miracle, especially because of our increasing reliance on the digital way of life.

Today they are becoming more versatile and important for different industries. Colloquially referred to as semi-app, semi-website technology, progressive web apps have had quite an impact on myriad industries; yet, the applications of this technology in the world of banking and FinTech continues to generate a lot more interest. And, when it comes to improving the user experience, process acceleration, especially for mobile apps, or automation, and Fintech takes place among them.

If you are wondering why that is, well, here is a list of some of the key benefits of PWAs for this sector:

Account management

The banking industry’s tryst with the digital realm and the eventual emergence of the FinTech sector can be traced back to the need for ease of access to banking and financial information, including management of one’s accounts, checking balance, managing credit cards, and tracking transaction history among other things. Suffice it to say that progressive web apps can be easily leveraged to enable seamless account management. Customers’ account management experience can be further fortified via the provision of services such as digital wallets, ATM/branch locators, etc.

Customer support

For any business, ensuring high-quality customer support is a critical aspect of the efforts to deliver A-grade levels of overall customer experiences. This holds for the world of FinTech companies too and progressive web apps can help in this context as well. How? You see, PWAs are conducive to the integration of avant-garde features and services such as AI-powered chatbots for round-the-clock support, professional consultation services, etc.

Secure payments

Online payments are an integral part of modern existence as well as FinTech apps. While the convenience is terrific, there are myriad understandable concerns about the security aspect of online payments — well, progressive web apps can help with that as well. PWAs enable top-notch levels of security of online payments via functionalities and features such as QR code-based payments and transactions, the configuration of fraud alerts based on customers’ standard behavior, transaction history, and other such relevant data.

Bill payments

Bill payments are and will remain, among the most crucial daily tasks for people. So, it makes sense that FinTech companies would seek to leverage the wide potential on offer here and progressive web apps can help them do just that — by offering their users the ability to make and schedule bill payments without needing to visit the company’s offices, ATMs, or some such. FinTech apps can also use PWAs to pay recurring bills based on previously-stored information and a password-protected authentication process.

Progressive web apps may be a bit of a new arrival on the scene, especially when compared to some of the other technologies out there in the market, but that does not take away from the fact that it is an avant-garde technology that enables the development of top-class solutions for companies across the broad spectrum of industries, including the banking and FinTech sector, of course.

This is because this Google-backed offering not only delivers the aforementioned benefits but also helps companies cut down development costs, provide native app-like features, reduce the space used on users’ devices, and so much more. So, what are you waiting for? Go ahead and start looking for a trusted progressive web application development company right away!

Written By

A professional and security-oriented programmer having more than 6 years of experience in designing, implementing, testing and supporting mobile apps developed. Being techno geek, I love to read & share about the latest updates in technology including but not limited to IoTs, AI, application development, etc. In my free time, I like to play football, watch movies and explore new places. I have been learning mobile app development since 2012. With having a good understanding of programming languages, I develop native as well as web apps for both iOS & Android using latest tools & technologies. I am also having experience in both front-end & back-end development.

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